Loading ...DOW Yearly Cycle
Dow has just broken its Yearly Cycle uptrend line and the SPX is very close.
Added: A second chart showing the last two Yearly Cycle Lows on the Dow after the YC uptrend line was breached. YCLs can be nasty and I would expect this YCL to coincide with the next Intermediate Cycle Low in stocks which should occur in the Nov/Dec timeframe.
Will history repeat? Time will tell. 😉
Kaboom…the power of a “simple” trend line
Yes, but that is not just any trend line… 😉
Thanks for the update! I expect follow through selling into tomorrow after the debate.
Finally some action …
Our friends at Deutsche Bank will also assist in this effort. The idiocy is astounding.
Thats impossible. Lehman – I mean Deutsche Bank – said this morning that everything is fine.